Income Tax
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ITAT Bangalore: GST Refund Not Taxable Under Exclusive Method; Double Addition U/s 143(1) Struck Down
ITAT Remands TDS Case as Assessee Not Given Opportunity to Submit Form 15G/15H Evidence
Sec 50C Addition Invalid if AO Ignores DVO Reference Request: ITAT Lucknow
Rental Income Not Business Income Due to Presence of Multiple Business Activities: ITAT Delhi
APA with CBDT Binding; TPO Must Align ALP with APA Terms, Not Override: ITAT Kolkata
Stamp Duty Value Cannot Be Adopted Without DVO Reference When Objected by Assessee
Buyback Not Taxable as Property Acquisition Due to Share Extinguishment: Delhi HC
Advertisement & Promotion Expenses Allowed as Revenue Due to Non-Project Nature
Concessional Section 115BAA Tax Benefit allowable Despite Delay in Filing Form 10-IC
ITAT Mumbai Allows Section 80P(2)(d) Deduction on Interest from Co-op Banks as Co-op Societies
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
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Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
